Monday, May 17, 2010

Barrick Gold (TSE:ABX) Almost Triples Lobbying Spending in First Quarter

As reports from companies come in from filings, expenditures on lobbying efforts accompany them, and for Barrick Gold (NYSE:ABX) (TSE:ABX), they revealed they spend about $261,000 in the first quarter lobbying various elements of the U.S. government.

This is quite a bit higher than what Barrick spent last year, which was relatively small, spending only $90,000 in the first quarter of 2009.

Some of the issues of importance to Barricks included taxes, mining reform and clean energy legislation that would have an effect on mining and manufacturing.

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